/biz/ - Business & Finance

>NOOOOOOO THIS WAS SUPPOSED TO BE THE 2ND GREAT DEPRESSION
The absolute state of "experts"

>>19392738
They wouldn't be acting so insane right now if things were going well, this is how countries react when the writing is on the wall. Even before this, just corporate debt in the country was 150% of their GDP, much less federal and other debt. The world's largest exportation economy doesn't suddenly say they need to shift away from that unless the supply and demand is collapsing, the US going after Huawei was apparently the final straw for them to realize it, since now multiple countries will end up scrapping their 5G agreements. It's less geopolitics, and more of understanding their economy to know that they were desperately trying to veer their behemoth off this course for the last decade